International

Uncertainty, whether sparked by financial turmoil, pandemics, geopolitical tensions, or abrupt technological shifts, exerts pressures that steer governments and voters toward protectionist measures. Such protectionism emerges from fear, political incentives, and calculated strategy. This article explores the forces that revive protectionism during difficult periods, illustrates them through historical and contemporary examples, analyzes the economic mechanisms and outcomes involved, and presents policy alternatives that can lessen the impulse to withdraw behind trade barriers.Historical pattern and recent examplesProtectionism is far from a recent oddity. The 1930s Smoot-Hawley tariffs stand as a defining illustration: the United States boosted duties in a bid to…

Standards encompass the rules, specifications, testing approaches, and conformity procedures that define the qualities products and services must meet to access a market, covering everything from technical requirements for home appliances and sanitary guidelines for meat to data‑protection practices and private sustainability certifications set by multinational purchasers. By cutting information imbalances and enhancing interoperability, well‑crafted standards can reduce transaction costs, strengthen consumer confidence, and stimulate trade. Yet these same standards may also function, deliberately or not, as obstacles that limit rivals, divide markets, and alter global value chains. Their distributional consequences are significant, as the gains, burdens, and exclusions they…

Oceans as the planet’s dominant climate regulatorThe global ocean covers roughly 71% of Earth’s surface and acts as the primary regulator of climate. It absorbs and redistributes heat and carbon, moderating atmospheric temperature swings, determining weather patterns, and sustaining life-supporting biogeochemical cycles. Two fundamental roles stand out:Heat storage: The ocean has taken up the vast majority of excess heat from greenhouse gas emissions—commonly estimated at over 90% of the planet’s stored excess heat—slowing atmospheric warming but creating long-term thermal inertia that locks in future change.Carbon sink: The ocean absorbs a large fraction of human-emitted CO2—roughly a quarter to a third…

Loss and damage in international climate talks refers to the harms caused by climate change that go beyond what people, communities, and countries can adapt to. It covers both sudden extreme events (storms, floods, wildfires) and slow-onset processes (sea level rise, desertification, glacial retreat). The concept addresses the residual impacts that remain after mitigation and adaptation efforts — and the responsibility for responding to those impacts.Key dimensions and definitionsEconomic losses: quantifiable monetary setbacks that include damaged infrastructure, ruined harvests, reconstruction outlays, GDP downturns, and disturbances across markets.Non-economic losses: effects that cannot easily be assigned a monetary value, such as loss…

Plastic recycling is frequently portrayed as a universal remedy for plastic pollution, yet the truth is far more nuanced. While recycling plays a meaningful role, it cannot singlehandedly eliminate plastic waste due to technical, economic, behavioral, and structural constraints. This article explores these limitations, presents supporting evidence and examples, and highlights additional strategies that need to accompany recycling to achieve lasting impact.Today’s scale: exploring how production, waste, and the true effects of recycling come togetherGlobal plastic production has grown to well over 350 million metric tons per year in recent years. A landmark analysis of historical production and waste found…

Businesses aiming to expand often confront a pivotal decision: pursue growth through company-owned outlets or embrace a franchise model. Although both approaches can achieve scale, franchising has become particularly compelling in sectors like food service, retail, fitness, and hospitality. Its strength comes from spreading risk, speeding up expansion, and tapping into local entrepreneurial drive while preserving consistent brand standards.Capital Efficiency and Faster ExpansionOne of the strongest advantages of franchising is capital efficiency. In a company-owned model, the brand must fund real estate, build-outs, equipment, staffing, and operating losses during ramp-up. This can severely limit the speed of expansion.Through franchising, a…

Critical minerals are naturally occurring elements and compounds on which modern economies rely for manufacturing, the energy transition, and defense, yet their supply chains often remain fragile or highly concentrated. Governments and analysts generally evaluate how critical a mineral is by considering two main factors: its economic significance to essential technologies and the likelihood that its supply could face disruptions. This combination of strong demand and elevated exposure to supply risks is what classifies a mineral as “critical.”Why they matter nowAs the world accelerates toward electrification, renewable power, digital networks and sophisticated defense technologies, the need for specific minerals has…

Global efforts to address plastics have delivered limited progress, while numerous challenges persist. Production keeps climbing, waste management remains underfunded, policies lean too much on voluntary measures from industry, and many touted technical solutions fail to confront the underlying drivers. Consequently, plastic pollution continues to intensify, fossil-fuel dependencies deepen, and social and environmental damages grow—most acutely in low- and middle-income countries.Failure 1 — Production keeps growing while policy focuses on end-of-lifeThe conversation remains tilted toward waste management and recycling while production of new plastics marches upward. Global production is on the order of hundreds of millions of tonnes per year…

The term "chip race" evokes a worldwide push to secure dominance in semiconductor design, manufacturing, equipment and supply-chain control, with chips serving as the core technology behind smartphones, data centers, electric vehicles, telecom systems, medical tools and modern defense hardware, so when access to cutting-edge processors tightens, entire industries and national plans feel the strain, prompting companies, governments and research institutions to invest heavily in funding, policy and influence to shape the future of chip development.What is at stakeEconomic growth: Advanced semiconductor manufacturing and design generate high-wage jobs, exports and technology spillovers across industries.National security: Chips are dual-use—critical for both…

For the first time in decades, Iranians woke to a country without Ayatollah Ali Khamenei as supreme leader, following his death in coordinated US-Israeli strikes. The nation now confronts a period of deep uncertainty.Diverse reactions unfolding nationwideThe news of Khamenei’s death has provoked a wide spectrum of reactions across Iran. In the capital and other cities, some citizens expressed cautious relief, viewing the end of his decades-long rule as a potential turning point. Celebrations erupted in certain neighborhoods, with people honking horns, waving clothes, and even toppling monuments associated with the Islamic Republic’s founders. Videos circulating online from cities such…